tech

March 28, 2026

Physical Intelligence is reportedly in talks to raise $1 billion, again

The deal would effectively double the company's $5.6 billion valuation in just four months.

Physical Intelligence is reportedly in talks to raise $1 billion, again

TL;DR

  • Physical Intelligence is in discussions to raise about $1 billion in new funding.
  • The company's valuation could exceed $11 billion, doubling in four months.
  • Founders Fund and Lightspeed Venture Partners are reportedly in talks to invest.
  • Returning backers Thrive Capital and Lux Capital are also expected to participate.
  • The startup aims to build general-purpose AI models for robots to perform various tasks.
  • Co-founders describe their goal as creating 'ChatGPT, but for robots'.

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